KUALA LUMPUR (April 7): theedgemarkets.com
has highlighted 10 stocks with momentum at afternoon market close today. Only one of the stock show positive momentum while nine show negative momentum.
Stocks with positive momentum are:
MCT Bhd (fundamental: 1.65; valuation: 0.3) down three sen or 2.26% at RM1.30.
Stocks with negative momentum are:
Ingenuity Consolidated Bhd (fundamental: 0.95; valuation: 0.9) dropped half a sen or 5.26% at nine sen.
Faber Group Bhd (fundamental:2.1; valuation: 1.1) gained five sen or 1.49% at RM3.41.
Cyber & Carriage Bintang Bhd (fundamental: 1.7; valuation: 2) was unchanged at RM2.02.
APFT Bhd (fundamental:0.2; valuation:0.3) traded unchanged at 19.5 sen.
Pestech International Bhd (fundamental:0.9; valuation:0.7) up seven sen or 1.37% to trade at RM5.17.
E.A. Technique (M) Bhd (fundamental: N/A; valuation: N/A) gained two sen or 3.2% at 64.5 sen.
LFE Corporation Bhd (fundamental: 0.15; valuation: 0.8) inched up 1.5 sen or 7.69% at 21 sen.
Kawan Food Bhd (fundmanental: 3; valuation: 1.1) climbed four sen or 2.14% to trade at RM1.91.
FSBM Holdings Bhd (fundamental: 1.35; valuation: 0.3) rose two sen or 6.06% at 35 sen.
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements. The share price may move up or down from this point. But the "+ve" (suggesting a rising price trend on volume) and "-ve" (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.
(Notes: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)